The interest rate that lenders publish or advertise is usually:A.the simple interest rate.B.the nominal interest rate.C.the compound interest rate.D.the lowest interest rate.SUBMITarrow_backPREVIOUS

An interest rate that will not change over the term of the loan is known as a(n) _____.A.variable interest rateB.annual percentage rateC.compound interest rateD.fixed interest rateSUBMITarrow_backPREVIOUS

The rate used to determine the amount of interest that a borrower pays on an unsecured note and the investor receives on the unsecured note is known as the: Group of answer choices contract interest rate. discounted rate. market rate. present value rate.

The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount

In compound interest, what does 'rate' refer to?*The percentage of the principal amount charged as interestThe duration for which interest is calculatedThe principal amount itselfThe total amount after interest

Which type of lender offers the lowest interest rates?A.Title lenderB.Credit cardC.Payday lenderD.Bank or credit unionSUBMITarrow_backPREVIOUS